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HomeSTOCKS₹65 PSU Bank Stock: Jumped 11% In 1 Week; Strong Performance Of...

₹65 PSU Bank Stock: Jumped 11% In 1 Week; Strong Performance Of Government Bank Share From Last One Year

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Bank of Maharashtra Ltd (NSE: MAHABANK) PSU Bank Stock to Buy: Today, in this post we’ll discuss about Bank of Maharashtra latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding.

We hope our analysis will provide you better insight about the company.

The impact of weak signals from overseas markets could be seen as slowing down the local markets on Tuesday. 

With the market turmoil, the broker firm has declared the state-owned bank Bank of Maharashtra a short-term technical choice. 

They have advised to purchase these PSU Bank Stock with a time frame of between 2 and three days. This stock has gained around 11 percent over the past week.

The market is showing weakness on the market for stocks in the country today (April 2) following the record new record. 

Major indexes are trading in the red. Sensex dropped by nearly 90 points, to about 73900. Nifty is trading at 22500. 

The pressure is due to selling in the IT, banking, and pharma industries. In the Nifty, ICICI Bank is the top loser. 

The previous Monday the Sensex was trading 363 points higher, at the 74,014 mark.

Bank Of Maharashtra: 2 to 3-day Target

The brokerage firm has selected the Bank of Maharashtra as its technical choice for the next two days. 

The target has been established at the sum of Rs 71. As of the 1st of April 2024, the price of shares was 65 Rs. 

In this manner, a 9-10 percent gain can be expected in the shares from today’s price. The 52-week high for the stock is 65, and the lowest is 24.71.

Bank Of Maharashtra: Share Remains A Multibagger

The performance of the public Bank Share Bank of Maharashtra has been impressive in the past year. 

The stock has delivered more than 160 percent return over a year. Over the last six months, the PSU Bank Stock has given an average return of 48 percent for investors. 

The stock has seen an increase of 44 percent within three months. The price has risen 43 percent over the three months that began this year. 

However, the stock has risen by 10 percent in the past week. The market capitalization of the company listed on BSE is greater than the amount of Rs 46,198 crore.

About Bank of Maharashtra Ltd

The Bank of Maharashtra Limited is engaged in the provision of banking services. The Treasury segment comprises investment, balances at banks outside India, and interest on investments. 

The Corporate/Wholesale Segment includes advances to trusts and partnership firms as well as companies and statutory authorities. 

The Retail Banking Segment comprises exposures to individuals or small businesses. 

The maximum exposure aggregate to one counterpart does not exceed 0.2% of the Bank’s overall retail portfolio. 

The company’s products and services include, for example, e-payment tax, credit cards, and doorstep banking.

Fundamental Analysis of Bank of Maharashtra Ltd

Market Cap₹ 46,142 Cr.
Current Price₹ 65.30
52-wk High₹ 69.45
52-wk Low₹ 24.70
Stock P/E12.29
Book Value₹ 23.5
Dividend1.99 %
ROCE4.44 %
ROE17.4 %
Face Value₹ 10.0
P/B Value2.78
OPM57.9 %
EPS₹ 5.26
Debt₹ 2,44,830 Cr.
Debt to Equity15.5

Bank of Maharashtra Ltd Shareholding Pattern

Promoters Holding
Dec 202290.97%
Mar 202390.97%
June 202386.46%
Sept 202386.46%
Dec 202386.46%
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FII Holding
Dec 20220.16%
Mar 20230.26%
June 20230.68%
Sept 20230.59%
Dec 20230.45%
DII Holding
Dec 20223.39%
Mar 20233.33%
June 20236.43%
Sept 20235.17%
Dec 20234.71%
Public Holding
Dec 20225.49%
Mar 20235.44%
June 20236.42%
Sept 20237.76%
Dec 20238.37%
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Bank of Maharashtra Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 10,850 Cr
2020₹ 11,496 Cr
2021₹ 11,869 Cr
2022₹ 13,019 Cr
2023₹ 19,524 Cr

Last 5 Years’ Net Profit:

2019₹ -4,763 Cr
2020₹ 399 Cr
2021₹ 571 Cr
2022₹ 1,153 Cr
2023₹ 3,682 Cr

Last 10 Years’ Profit Growth:

10 Years:13%
5 Years:34%
3 Years:88%
Current Year:74%
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Last 10 years’ Return on Equity (ROE):

10 Years:-2%
5 Years:0%
3 Years:11%
Last Year:17%

Last 10 Years’ Sales Growth:

10 Years:5%
5 Years:7%
3 Years:11%
Current Year:32%

Conclusion

This article is a complete guide about Bank of Maharashtra Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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